Business and Economic Development - Enterprise Fund and Invest Maryland Program

Sponsored by:

Status:

Approved by the Governor - Chapter 175

Altering the uses and composition of the Enterprise Fund in the Department of Business and Economic Development; authorizing the Department to acquire an ownership interest exceeding 25% when making an equity investment in one or more venture or private equity firms; restricting to a specified percentage the Department's allocation of designated capital in specified side car funds under the Invest Maryland Program; expanding specified prohibitions to apply to a specified purchaser of tax credits; etc.